Note - the message below only applies to you if you are a mortgagor, a commercial borrower, or a creditor who is not transferred to Nationwide Building Society.
The Building Society Special Administrators
Dunfermline Building Society (in building society special administration)
191 West George Street
Ian Burns of Smith & Williamson was appointed as Independent Valuer ("the Valuer”) under The Dunfermline Building Society (DBS) Compensation Scheme, Resolution Fund and Third Party Compensation Order 2009. He was appointed to determine what compensation, if any, is payable to those parties whose interests may have been affected by The Dunfermline Building Society Property Transfer Instrument 2009.
The Valuer has completed his report, which can be found here: Dunfermline Building Society - Determinations and Report (PDF 773 KB)
Other than providing information to the Valuer when requested, neither DBS nor the Administrators had any involvement with the valuation process.
Please call Alexander Walker on 0141 300 5845 or Susan Mcleish on 0141 300 5534 at KPMG if you need to contact us and continue to access this site for updates.
The affairs, business and property of the building society are being managed by the Joint Building Society Special Administrators who contract as agents of the building society and without personal liability. Richard Heis and Michael Robert Pink are authorised to act as insolvency practitioners by the Institute of Chartered Accountants of England and Wales. Richard Dixon Fleming is authorised to act as an insolvency practitioner by the Insolvency Practitioners Association. Blair Carnegie Nimmo is authorised to act as an insolvency practitioner by the Institute of Chartered Accountants of Scotland.
The building society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (Ref No 158765). Calls may be recorded and monitored for security and training purposes.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.